Adam Smith Publishes The Wealth of Nations

Article abstract: Adam Smith publishes The Wealth of Nations, marking the culmination of Enlightenment political economy and the advent of modern economics.

Summary of Event

The publication of An Inquiry into the Nature and Causes of the Wealth of Nations by Adam Smith exerted greater influence in the systematization and development of economic theory than any other single work. In this volume, as in his lectures, Smith extracted economic theory from the broad field of moral philosophy and offered a comprehensive theory of economic value and of...

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